Law Offices of Robert M. Kaplan, P.C.
Schaumburg Family Law Attorney

Frequently Asked Questions (FAQs): Real Estate Law

How can we help you?

When choosing a family law attorney, you probably have a number of questions. Some of our most common questions are found here. If you do no see yours listed, please contact our office directly. We are happy to help!

Real Estate Law

Numerous IRS regulations have been released during the past year clarifying the Tax Cuts and Job Acts of 2017 (“TCJA”). For example, home equity loan interest will be deductible, despite what appears to be clear language in the TCJA that it is not deductible, if the home equity line is utilized for a capital improvement to a residence. Additional IRS rules and regulations will continue to be released related to the TCJA. We are available for tax planning and advice throughout the year.

Contact Our Schaumburg Law Firm

If you have a quick question about the law or how it applies in your case, please feel free to call us at no charge.

Schaumburg, IL real estate lawyer Robert M. Kaplan is seasoned in many aspects of real estate law and is ready and willing to help answer your questions.

Importance of Having a Real Estate Attorney

The list below contains just a sampling of the types of challenges a real estate attorney such as Mr. Kaplan can help you work through:

  • Buying, Selling, or Renting Property: Laws governing the transfer of property can be different in every city and state, and the process of buying, selling or renting property can quickly begin to feel overwhelming. Experienced real estate lawyers work with their clients to help ensure all transactions are done legally and correctly
  • Disputes Within Purchase Agreements: Real estate transactions involve a heavy amount of both boilerplate and customized contract “jargon.” Disputes within these contracts are common, and it often takes the advice and assistance of a knowledgeable real estate lawyer to navigate the process
  • Dealing with Property Foreclosure: Being involved in foreclosure proceedings can be an extremely stressful process, and many homeowners find themselves feeling lost, afraid, and harassed as their home is foreclosed upon. Real estate attorneys seek to help find any assistance programs or alternatives you and your family may qualify for — then help you figure out which steps come next.

Contact Our 60194 Law Office

Robert M. Kaplan and the rest of our team have decades of combined experience in real estate law. Schedule your free consultation by calling us today at (847) 845-9477. 

Purchasing a home is one of the most significant investments most people will make in their lifetime. As with any big purchase, it might be tempting to skimp on costs where possible, but ask yourself if that is the best approach. In many cases, it makes sense to hire a real estate lawyer to ensure the purchase process goes smoothly and your rights are protected.

How a Real Estate Lawyer Can Help

A Hoffman Estates real estate lawyer will read over all the paperwork when you are making a home purchase—and there is a lot of it. A lawyer will go with you to the closing table, which can go a long way toward assuaging any fears you might have about such a major purchase.

If you are selling one home and buying another at the same time, having representation can mean that your rights are protected on both sides.

Facing Foreclosure in Cook County

When homeowners are facing foreclosure because they can no longer pay their mortgage, a lawyer can protect your interests, work with the lender, and try to keep you in your house. When homeowners are struggling to pay their mortgage and they owe more on the house than it is worth, a real estate lawyer can work with the lender to enable a short sale. This means the current owners can avoid foreclosure.

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